Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/68058 
Year of Publication: 
2007
Series/Report no.: 
ESRI Working Paper No. 209
Publisher: 
The Economic and Social Research Institute (ESRI), Dublin
Abstract: 
This paper presents robust panel data econometric evidence suggesting that more effective competition policy curtails the exercise of market power because countries in which competition policy is judged to be more effective are characterised by lower market price-cost margins, controlling for other factors, including market growth, import penetration and spare capacity. The measure of competition policy effectiveness incorporated into our analysis is the annual survey-based ratings of national competition authorities (NCAs) produced by Global Competition Review (GCR). Our findings imply a role for competition in enhancing economic competitiveness and that government should continue to support NCAs in enforcing competition policy.
Document Type: 
Working Paper

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